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SPRINGFIELD — Facing a tighter budget outlook, Democratic Gov. J.B. Pritzker on Wednesday unveiled a $52.7 billion election-year spending plan built on more than $800 million in tax increases that would largely fall on businesses, from large corporations to state-regulated sportsbooks. In his sixth budget proposal, Pritzker also laid out a long-term plan to manage the state’s massive pension .
Illinois Gov. J.B. Pritzker pitched a $52.7 billion state spending plan Wednesday with more money to address the migrant crisis, education and quantum computing, while proposing tax increases that will mostly target business, including a major sports betting tax hike. "I wish we had big surpluses to work with this year to take on every one of the very real challenges we face,” Pritzker told lawmakers in Springfield during the budget combined with the yearly State of the State address. “It’s important to note, that while this budget is tight this year, our fiscal house is in order, and we are able to keep our commitments to the people of Illinois."